75,000 Shares in Electronic Arts Inc. $EA Acquired by Samson Rock Capital LLP

Samson Rock Capital LLP bought a new position in Electronic Arts Inc. (NASDAQ:EA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 75,000 shares of the game software company’s stock, valued at approximately $15,325,000. Electronic Arts makes up approximately 25.0% of Samson Rock Capital LLP’s investment portfolio, making the stock its 3rd biggest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. Walter Public Investments Inc. increased its stake in shares of Electronic Arts by 41.7% in the 3rd quarter. Walter Public Investments Inc. now owns 48,017 shares of the game software company’s stock valued at $9,685,000 after acquiring an additional 14,134 shares in the last quarter. NatWest Group plc acquired a new position in shares of Electronic Arts during the 3rd quarter valued at $10,414,000. Great Lakes Advisors LLC bought a new position in Electronic Arts during the third quarter worth $1,025,000. Principal Financial Group Inc. boosted its stake in Electronic Arts by 35.4% during the third quarter. Principal Financial Group Inc. now owns 390,971 shares of the game software company’s stock worth $78,859,000 after acquiring an additional 102,248 shares in the last quarter. Finally, OPTIMAS CAPITAL Ltd acquired a new stake in Electronic Arts in the third quarter worth $1,815,000. 90.23% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Citigroup decreased their price target on shares of Electronic Arts from $207.00 to $202.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. UBS Group restated a “neutral” rating on shares of Electronic Arts in a research note on Wednesday, February 4th. Three investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $188.30.

Insider Buying and Selling at Electronic Arts

In related news, CFO Stuart Canfield sold 1,500 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $199.90, for a total value of $299,850.00. Following the sale, the chief financial officer owned 5,897 shares in the company, valued at $1,178,810.30. This represents a 20.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew Wilson sold 5,000 shares of the firm’s stock in a transaction dated Thursday, January 15th. The shares were sold at an average price of $204.26, for a total transaction of $1,021,300.00. Following the completion of the transaction, the chief executive officer directly owned 38,858 shares in the company, valued at approximately $7,937,135.08. The trade was a 11.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 27,600 shares of company stock valued at $5,553,319 over the last ninety days. 0.24% of the stock is currently owned by corporate insiders.

Electronic Arts Price Performance

Shares of EA opened at $200.69 on Friday. The business’s fifty day moving average is $201.62 and its 200 day moving average is $197.71. Electronic Arts Inc. has a 12-month low of $131.15 and a 12-month high of $204.88. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.24. The stock has a market cap of $50.22 billion, a P/E ratio of 75.45, a P/E/G ratio of 2.39 and a beta of 0.75.

Electronic Arts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, February 25th were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Wednesday, February 25th. Electronic Arts’s dividend payout ratio (DPR) is 28.57%.

About Electronic Arts

Electronic Arts Inc (NASDAQ: EA) is a global interactive entertainment company headquartered in Redwood City, California. Founded in 1982 by Trip Hawkins, EA develops, publishes and distributes video games and related content for a variety of platforms, including consoles, personal computers and mobile devices. The company combines in-house development, partnerships and studio acquisitions to create and maintain a portfolio of entertainment properties and live-service experiences for players worldwide.

EA’s product lineup spans several well-known franchises and genres.